Member

In answer to the noble Baroness, Lady Kramer, on royal funding, the sovereign grant is currently set by reference to 12% of Crown Estate profits; however, the Sovereign Grant Act includes a statutory requirement to review every five years the percentage rate used in this calculation to determine whether it remains appropriate. This review is conducted by the three royal trustees. Where necessary, the Government lay a statutory instrument to amend the percentage used. For example, following the royal trustees’ review last year, the rate was cut from 25% to the current 12%, and the next review will begin in 2026.